EKA - Eureka Energy
- Thread starter Broadside
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no.. the sellers are still there..
could this be one person trying to hold it back with many sell orders ???
seems a bit weird that 42 people are all wanting to sell at the one figure.. IMO
could this be one person trying to hold it back with many sell orders ???
seems a bit weird that 42 people are all wanting to sell at the one figure.. IMO
It could be a profit target for newsletter subscribers. Seems a bit strange but that could be one explanation.
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Re: potential take over tax implications
In most cases in a full takeover, you can just treat it as though you had bought the new shares at the original price. Just read the ATO's page on takeovers: http://www.ato.gov.au/individuals/content.asp?doc=/content/36712.htm .
Here's an example of why I don't bother with short-term trading. Current prices are 41c and $2.68, 28.1% and 30.7% rises respectively from those buy prices. Either is a great result, with the time required to extract a few % more being huge and possibly causing a loss of the ability to claim cap gain discount.
In most cases in a full takeover, you can just treat it as though you had bought the new shares at the original price. Just read the ATO's page on takeovers: http://www.ato.gov.au/individuals/content.asp?doc=/content/36712.htm .
Here's an example of why I don't bother with short-term trading. Current prices are 41c and $2.68, 28.1% and 30.7% rises respectively from those buy prices. Either is a great result, with the time required to extract a few % more being huge and possibly causing a loss of the ability to claim cap gain discount.
Re: potential take over tax implications
That depends on wether your deemed as a day trader otherwise you still pay the full CGT.
That depends on wether your deemed as a day trader otherwise you still pay the full CGT.
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Re: potential take over tax implications
How do they classify you either a trader or an investor.
How do they classify you either a trader or an investor.
I don't have a particular price target. It is an investment that is continually under review. I consider its value mainly on this basis;
1. Are the fundamentals sound.
2. How is it valued in relation to other stocks in its field.
3. Are there alternative investments that would be better to have in my portfolio.
4. Does it suit the risk I am prepared to take.
5. Do I have faith in the management and board.
6. Have I a good "gut feel" about this stock.
7. Is my holding within my limits percentage wise of my portfolio.
Because EKA gives the right answers I will continue to hold. I believe there is plenty of upside for EKA.
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Re: potential take over tax implications
Cheers Kremmen,
But what should I do with the profit made on this transaction and then the following one if you've read the entire thread.
Been holding AUT for over 12 months and EKA for 4 so needed to spice things up a bit and thought I'd learn a bit from Noika. Appears the timing was right this time but I'm nervous to do it again.
Agree with Condog, AUT is a holder, but happy holding EKA and SEA also.
Cheers Kremmen,
But what should I do with the profit made on this transaction and then the following one if you've read the entire thread.
Been holding AUT for over 12 months and EKA for 4 so needed to spice things up a bit and thought I'd learn a bit from Noika. Appears the timing was right this time but I'm nervous to do it again.
Agree with Condog, AUT is a holder, but happy holding EKA and SEA also.
Re: potential take over tax implications
Probably best if you spoke to your accountant but if you day trade on a regular basis like myself you'd fall under that category and regardless on the length of holding on a particular share you'd still pay the full CGT as i found out.
I thought if i kept a particular share (ADI in this instant) for 12mths without buying & selling it i'd be exempt from the full CGT when i sold. Unfortunately this is not so.
If there is a way around it i'd be pleased to know.
Probably best if you spoke to your accountant but if you day trade on a regular basis like myself you'd fall under that category and regardless on the length of holding on a particular share you'd still pay the full CGT as i found out.
I thought if i kept a particular share (ADI in this instant) for 12mths without buying & selling it i'd be exempt from the full CGT when i sold. Unfortunately this is not so.
If there is a way around it i'd be pleased to know.
Re: potential take over tax implications
There is a way around it. You need to have two completely seperate accounts. One for trading and one for investing. Preferably with seperate brokerages and different banks. Talk to the tax department, they will cooperate but get their ruling in writing.
There is a way around it. You need to have two completely seperate accounts. One for trading and one for investing. Preferably with seperate brokerages and different banks. Talk to the tax department, they will cooperate but get their ruling in writing.
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Re: potential take over tax implications
Thanks Nioka,
My accountant advised me to choose which shares I wanted to trade and which ones I wanted to invest in and I have registered an ABN to do this, but if I understand you correctly you can trade and invest in the same share so long as you do it with separate accounts?
Originally Posted by Kremmen
In most cases in a full takeover, you can just treat it as though you had bought the new shares at the original price. Just read the ATO's page on takeovers: http://www.ato.gov.au/individuals/co...tent/36712.htm .
Thanks Kremmen, appreciated
There is a way around it. You need to have two completely seperate accounts. One for trading and one for investing. Preferably with seperate brokerages and different banks. Talk to the tax department, they will cooperate but get their ruling in writing.
Thanks Nioka,
My accountant advised me to choose which shares I wanted to trade and which ones I wanted to invest in and I have registered an ABN to do this, but if I understand you correctly you can trade and invest in the same share so long as you do it with separate accounts?
Originally Posted by Kremmen
In most cases in a full takeover, you can just treat it as though you had bought the new shares at the original price. Just read the ATO's page on takeovers: http://www.ato.gov.au/individuals/co...tent/36712.htm .
Thanks Kremmen, appreciated
Re: potential take over tax implications
Yes. You can but still get a ruling in writing from the tax dept.
Thanks Nioka, but if I understand you correctly you can trade and invest in the same share so long as you do it with separate account
Yes. You can but still get a ruling in writing from the tax dept.
Re: potential take over tax implications
Thanks nioka i'll follow that up...................................
There is a way around it. You need to have two completely seperate accounts. One for trading and one for investing. Preferably with seperate brokerages and different banks. Talk to the tax department, they will cooperate but get their ruling in writing.
Thanks nioka i'll follow that up...................................
Adobee; Does seem odd.
Someone could be holding back the price in order to pick up more at cheaper price?
It will be interesting to see how many of those sells @ 44.5c will disappear when the sp gets closer to it.
Question; Is it possible to find out if a company or person is holding all those sells?
It is a logical price for someone to set that have bought at recent prices and are after a reasonable short term gain. It is no big deal or big worry. It will probably be a point that wi9ll stall the SP rise at that price for a day or two when it reaches there. I have no doubt in my mind that it will reach and go on past that point in the near future, all other things being equal.
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I believe Pattersons have put coverage with price target of 53c..
have read the report yet but sure it will be around soon..
have read the report yet but sure it will be around soon..
Has anyone read the full Pattersons report? Interested to know what is behind this sp target.
Solid volume already, looks like it could be a good week ahead.
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- 21 May 2010
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This stock is rediculous. I know we went through this when AUT was an infant but would have thought everyone is a bit more educated on EFS's now.
To help everyone out, I might dump on Monday and that will definately cause a run leaving me even more frustrated.
Got a feeling AUT's booming times have sucked the life out of all others and looks set to continue. Hope you didn't transfer too many over Noika.
Good luck to all.
To help everyone out, I might dump on Monday and that will definately cause a run leaving me even more frustrated.
Got a feeling AUT's booming times have sucked the life out of all others and looks set to continue. Hope you didn't transfer too many over Noika.
Good luck to all.
This stock is rediculous. I know we went through this when AUT was an infant but would have thought everyone is a bit more educated on EFS's now.
To help everyone out, I might dump on Monday and that will definately cause a run leaving me even more frustrated.
Got a feeling AUT's booming times have sucked the life out of all others and looks set to continue. Hope you didn't transfer too many over Noika.
Good luck to all.
If you dump I'll be picking up more.
Dont see EKA staying at it's 40c sp. Aut is having a good run for now but even blind Freddy can see its only a matter of time before EKA & the likes of it will start it's own run. I for one wont be selling at the current price. Unlike ADI AWE dont hold 33% of EKA shares which leaves me thinking if they stay around 40c they'll be a T/O target & unlike ADI wont go for a measly 42c.
I feel that quite a few investors are still unaware of the EFS potential and in time they'll all wake up to it. I'd be more inclined to leave AUT for the likes of SEA TXN EKA shares.
Just my thoughts however.
